Calvert preps new emerging markets fund

It comes in addition to two US mutual funds the company has for emerging markets

Calvert Research and Management has filed for a new emerging markets fund that would be subadvised by parent firm Morgan Stanley.

The sustainable investment company filed an initial prospectus last Friday with the Securities and Exchange Commission for its Calvert Emerging Markets Focused Growth Fund. The mutual fund would be available in several share classes: A, C, I and R6.

It would invest at least 80% of net assets in stocks of companies based in emerging markets and meet responsible investing criteria.

The subadviser to the fund is listed as Morgan Stanley Investment Management, with Vishal Gupta as portfolio manager.

Currently, Calvert offers other emerging markets mutual funds in the US, including its $73m Emerging Markets Advancement Fund, which is managed in house, and $2.3bn Emerging Markets Equity Fund, subadvised by Federated Hermes.

The fund could be able to launch at least 75 days after the filing was made.